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IRDAI proposes insurance commission caps, lower expense limits
The proposals are open for stakeholder comments until October 25, 2026.
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IRDAI issues advisory and show cause notice to Policybazaar following inspection
PB Fintech stated that the advisory does not have any material financial impact on the company.
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IRDAI imposes Rs 5 crore fine on Policybazaar for regulatory violations
A major violation involved the company's failure to inform regulators about key leadership personnel holding board positions at other firms.
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Ajay Seth appointed as new IRDAI chief
Ajay Seth's most recent role was as finance secretary, preceded by his tenure as secretary in the Department of Economic Affairs.
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Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence
As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.